Well, well, well…..it has been a long time. Many things have happend to me in the last several months. Some good, some bad! However, as always, what doesn’t kill us makes us stronger.
I saw this painting and I was wondering what she was thinking about?
Could she be pondering how foolish we have become to believe a bunch of global warming bullshit? Or could it be that she wonders how easy it is to fool a large portion of the German population about the true Barrack Hussein Obama. Or could it be that she cannot understand how conservatives could be blamed for all the failed mortgages in the United States? Which brings me to the reason for my post. How easy it is to convince Germans that what is right is wrong and what is wrong is right!
Just a few facts about the mortgage mess:
1. I pay my mortgage and have never missed a payment, in fact I will have my home paid off in the next five years.
2. This whole mess started with the law signed by President Jimmy Carter. THE COMMUNITY REINVESTMENT ACT (CRA). I won’t bore you with the details, but it basically forced banks to loan money to people with poor credit ratings!
“It sets numerical targets for lending by location, race, and ethnicity. CRA often required lending to uncreditworthy persons to get a satisfactory CRA rating, and it did indeed cause Freddie and Fannie to take on huge amounts of dreck. “The chief executive of Countrywide Financial, the nation’s largest mortgage lender, is said to have ‘bragged’ that in order to approve minority applications, ‘lenders have had to stretch the rules a bit.’” See http://en.wikipedia.org/wiki/Community_Reinvestment_Act#Criticism and references thereto.
2. Then we have the openly gay congressmen Barney Franks whose boyfriend ran a prostitution ring out of Franks’ congressional office in charge of the private/governmental mortgage lenders. This Bozo (see Bozo the clown) said a few weeks before the election that everything was great with these lenders. What a fool, also did the liberal european press tell you that congressional democrats got favorable mortgages from the banks that they were supposed to be watching? NO, I doubt it!
3. Then the Clinton Administration rewrote the CRA to REQUIRE loans be made to low credit quality borrowers. And engaged FNMA and FRE to buy these loans. So, basically these lenders had to give loans to people who really couldn’t pay them back……
4. Many have asked why did not the Republicans change the laws? This happens time and time again. Republicans try to change laws like this and they are called racist and bigots and mean spirited. Why would a conservative politician try to fix something like this pork barrel piece of crap law? Some do, but in washington it is more important to allow illegals to get loans (they did and still do) than it is to enforce our laws!
5. One final thing. Republicans nor President Bush made people get home equity loans so they could have a vacation, or a big screen TV, or…. That is when personal responsibility must also accompany personal freedom!
So why did I title my post Deutscher Zeitgeist? See picture below, and it is certainly not what Germania and I would hope of our German brothers and sisters!
